The PS4 Slim release date may have been revealed which means that the update to Sony Playstation 4 is being made right now.

Gaming news site Cyberland has reported that the PS4 slim release date is going to be on early 2016 as Sony is working on the console right now.

It should be noted that the slim versions of the PS2 and PS3 prevented the dreaded red light of death as well as overheating problems that plagued the system.

Matt Tran from Product Reviews noted that "If the PlayStation 4 Slim were to be in development behind closed doors at the moment, it would allow Sony to iron out the issues that players have reported so far from the PS4. There has also been a big call for Sony to add PS3 backward compatibility, a feature which the PS4 sorely lacks but will be offered through streaming on PlayStation Now later this year."

"It is more likely that we will see the PS4 Slim come in the next year or two, which will not be an issue for people who do not mind the wait. If you are desperate for a PS4 but really want to adopt the Slim version as your first model then it could be time to make a choice. It is almost a certainty Sony will offer a redesigned and sleeker PS4 in the future, but the big question is when. Can you wait and more importantly do you want one?"

What do you think? What improvents and new features would the PS4 slim have? When do you think is the exact PS4 slim release date? Sound off in the comments below!